The City needs an energy boost after losing Arm
A rm Holdings is arguably the most important company created in Britain in the past half a century. Yet it is far from a household name. Arm emerged in the …
BUSINESS
Commerce Secretary Gina Raimondo to Visit China Next Week
Gina Raimondo, the secretary of commerce, will travel to Beijing and Shanghai for a series of meetings next week, becoming the latest Biden official to visit China as the United …
China’s Property Crisis: Why It’s So Hard for Beijing to Fix
China’s stock market was plunging and its currency was teetering. The head of the central bank, fielding questions at a rare news conference, said that China would make it easier …
Arm files for hotly anticipated Nasdaq IPO after London snub
C hip giant Arm filed for the biggest IPO of 2023 in the US early this morning, after its high-profile snubbing of London. Cambridge-based Arm revealed in March that it …
Government borrowing climbs to lower-than-expected £4.3bn in July
U K government borrowing was lower than expected last month, but was still more than four times higher than a year ago and remained the fifth highest July borrowing since …
Microsoft submits fresh Activision merger proposal after CMA rejection
Under the new deal, Microsoft will not acquire the cloud streaming rights to all current and future Activision games released during the next 15 years. Microsoft said the restructured deal …
13 million households not switching heating on when cold, watchdog warns
M illions of UK households are at risk of becoming ill because they are not switching on their heating when it is cold, a watchdog has warned. A Which? survey …
What Driverless Waymo Taxi Rides Are Like in San Francisco
“Hello, Tripp,” a disembodied woman’s voice said through the speakers of a driverless taxi that was about to pick up a fare near the colorful Victorian houses known as the …
Pay for top bosses jumps 16% as wider wages behind inflation – think tank
T he bosses of Britain’s biggest companies saw their pay surge by 16% last year as most workers saw their pay packets outstripped by inflation, according to new research. The …
While some stores are leaving San Francisco, Ikea is opening there this week
By Nathaniel Meyersohn | CNN New York — Ikea is opening a new store in downtown San Francisco Wednesday, bucking the trend of retailers closing in the city. Ikea will …